Foreign airlines praise new ownership rules but remain wary of BrazilValor International
International airlines were pleased with the government's decision to allow full foreign ownership of Brazilian carriers but are still wary of investing in the country. Instead, their plans for the short and medium term include gradually increasing flights to Brazil. Interest is expected to grow sooner or later as Brazil holds 40% of Latin America's air travel market and has high growth potential. The scenario was reported to Valor by executives who attended the 20-year celebration of Star Alliance in Frankfurt last week. Valor spoke with the CEOs and top executives of Lufthansa, Air Canada, Copa, TAP, Air China and Air India.